More Questions on Indian Economy
- Q. Deficit financing implies
A)replacing new currency with worn out currency
B)public expenditure in excess of public revenue
C)printing new currency notes
D)public revenue in excess of public expenditure
Answer: public expenditure in excess of public revenue
- Q. In India Yellow revolution is associated with:
A)production of oil seeds.
B)production of tea
C)production of flower
D)production of paddy
Answer: production of oil seeds.
- Q. The annual yield from which of the following Union Government taxes is the highest?
A)Corporation tax and income tax
B)Custom duties
C)Inheritance tax, wealth tax, interest tax and gift tax
D)Excise duties
Answer: Excise duties
- Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
A)20 to 25 percent
B)25 to 30 percent
C)15 to 20 percent
D)30 to 35 percent
Answer: 20 to 25 percent
- Q. Indian state with highest road length is:
A)Uttar Pradesh
B)Maharashtra
C)Rajasthan
D)Andhra Pradesh
Answer: Maharashtra
- Q. National Income estimates in India is prepared by:
A)Reserve Bank Of India
B)Planning Commission
C)Central Statistical Organisation (CSO)
D)Indian Statistical Institute
Answer: Central Statistical Organisation (CSO)
- Q. At present, the number of nationalized banks are:
A)17
B)15
C)19
D)12
Answer: 12
- Q. With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:
A)the year 1999
B)the year 1998
C)the year 2005
D)the year 1990
Answer: the year 1999
- Q. Inflation is measured in India on the basis of which ‘Index’?
A)Consumer Price Index for urban workers
B)Consumer Price Index for agricultural workers
C)Wholesale Price Index
D)National income deflation
Answer: Wholesale Price Index
- Q. The current price index (base 1960) is nearly 330. This means that
A)the prices of certain selected items have gone up to 3-3 times
B)all items cost 3-3 times more than what they did in 1960
C)weighted means of prices of certain item has increased 3-3 times
D)gold price has gone up 3-3 times
Answer: weighted means of prices of certain item has increased 3-3 times
- Q. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
A)Statutory Liquid Ratio (SLR)
B)Central Bank Reserve (CBR)
C)Statutory Bank Ratio (SBR)
D)Central Liquid Reserve (CLR)
Answer: Statutory Liquid Ratio (SLR)
- Q. States earn maximum revenue through
A)custom revenue
B)land revenue
C)commercial taxes
D)excise duties on intoxicants
Answer: commercial taxes
- Q. The first Apparel Park in India has been established in:
A)Tirupur (Tamil Nadu)
B)Both A and B
C)Punalur (Kerala)
D)None of the above
Answer: Tirupur (Tamil Nadu)
- Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
A)II
B)I, II
C)I
D)II, III
Answer: II
- Q. Government has merged Annapurna Scheme with:
A)Ujjwala
B)IRDP
C)National Old Age Pension Scheme
D)None of these
Answer: National Old Age Pension Scheme
- Q. The first fully Indian Bank is:
A)Central Bank of India
B)Punjab National Bank
C)Canara Bank
D)State Bank of India
Answer: Punjab National Bank
- Q. In Global Hunger Index (GHI) India has been ranked at:
A)102nd place among 117 developing countries
B)96th place among 119 developing countries
C)105th place among 117 developing countries
D)109th place among 117 developing countries
Answer: 102nd place among 117 developing countries
- Q. National Rural Health mission was launched in:
A)August 2005
B)April 2005
C)October 2005
D)July 2005
Answer: April 2005
- Q. The Money Order system in India was introduced in the year :
A)1880
B)1999
C)1882
D)1904
Answer: 1880
- Q. Paper currency first started in India in
A)1542
B)1861
C)1601
D)1880
Answer: 1861
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